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Section 288: Statement of affairs.

Insolvency Act 1986 · 1986 c. 45View on legislation.gov.uk

Part IX: Bankruptcy — Chapter II: Protection of Bankrupt's Estate and Investigation of His Affairs

Where a bankruptcy order has been made otherwise than on a bankruptcy application, the official receiver may at any time before the discharge of the bankrupt require the bankrupt to submit to the official receiver a statement of affairs.

The statement of affairs shall contain—

such particulars of the bankrupt's creditors and of his debts and other liabilities and of his assets as may be prescribed, and
such other information as may be prescribed.

Where a bankrupt is required under subsection (1) to submit a statement of affairs to the official receiver, the bankrupt shall do so (subject to subsection (3)) before the end of the period of 21 days beginning with the day after that on which the prescribed notice of the requirement is given to the bankrupt by the official receiver.

The official receiver may, if he thinks fit—

release a bankrupt from an obligation imposed on the bankrupt under subsection (1), or
either when giving the notice mentioned in subsection (2A) or subsequently, extend the period mentioned in that subsection,

and where the official receiver has refused to exercise a power conferred by this section, the court, if it thinks fit, may exercise it.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.